Investors

Financial Highlights

 2019201820172016
Consolidated Income Statement (US$’000)
Revenue

6,431,799

7,167,428

7,507,599

7,208,849

Gross profit

831,467

1,006,834

1,097,406

1,014,387

EBITDA1, 9

696,695

572,975

664,651

571,660

Underlying Profit 2, 9

271,815

180,717

253,837

186,277

Net profit/(loss) 3

193,977

(1,772)

74,032

399,619

Weighted average number of shares (million shares)

12,735

12,735

12,735

12,735

Underlying profit2 per share (US$ cents)

2.13

1.42

1.99

1.46

Earnings/(loss) per share (US$ cents)

1.52

(0.01)

0.58

3.14

Consolidated Statement of Financial Position
(US$ ‘000)
Total assets

8,799,331

8,545,580

8,137,780

8,306,415

Total current assets

2,962,957

2,885,498

2,874,675

2,776,057

Total current liabilities

2,737,105

2,490,902

2,597,794

2,715,100

Total non-current liabilities

1,536,782

1,744,598

1,431,433

1,495,364

Non-controlling interests

148,376

141,436

101,570

42,201

Equity attributable to owners of the Company

4,357,068

4,168,644

4,006,983

4,053,750

Ratios
Gross profit margin

12.9%

14.0%

14.6%

14.1%

EBITDA1 margin

10.8%

8.0%

8.9%

7.9%

Underlying profit2 margin

4.2%

2.5%

3.4%

2.6%

Net profit/(loss)3 margin

3.0%

(0.02)%

1.0%

5.5%

Return on equity4

6.2%

4.3%

6.3%

4.6%

Return on assets5

3.1%

2.1%

3.1%

2.2%

Current ratio (times)

1.08

1.16

1.11

1.02

Net debt to equity6 (times)

0.35

0.42

0.42

0.43

Receivable turnover7 (days)

29

26

25

26

Inventory turnover8 (days)

66

59

56

50

Other Information
Average CPO price – FOB Belawan (US$ per tonne)

523

565

682

664

Notes :

  1. EBITDA = earnings before tax, non-controlling interests, interest on borrowings, depreciation and amortisation, net gain or loss from changes in fair value of biological assets, foreign exchange gain or loss and exceptional items
  2. Underlying profit = net profit attributable to owners of the Company excluding net effect of net gain or loss from changes in fair value of biological assets, depreciation of bearer plants, exceptional items, foreign exchange gain or loss and deferred tax income or expense
  3. Net profit/(loss) = net profit or loss attributable to owners of the Company
  4. Return on equity = underlying profit / equity attributable to owners of the Company
  5. Return on assets = underlying profit / total assets
  6. Net debt to equity = (total borrowings – cash and cash equivalents – short-term investments – liquid working capital) / total equity
  7. Receivable turnover = average trade receivables / revenue * 365
  8. Inventory turnover = average inventory / cost of sales * 365
  9. 2019 and 2018 EBITDA and underlying profit include net fair value gain on financial assets in accordance with IFRS 9